Insight, analysis & opinion from Joe Paduda
The implications of Mitchell’s acquisition of Coventry’s workers’ comp business are broad, from insight into the future of M&A in workers’ comp services to impact on competitors. (press release is here) Today we’ll dive into a few of the top-line … Continue reading Mitchell’s Coventry acquisition – implications abound
Read More...After almost 5 months of negotiations and COVID19-related delays, Mitchell International owns Coventry Workers’ Comp. The price was around $875 million, with most of the value based on Coventry’s work comp PPO. The network is a cash machine, has been … Continue reading It’s done; Mitchell owns Coventry work comp
Read More...A dozen years ago, there were lots of relatively small companies delivering specific services to work comp payers. There were 10 PBMs. 5 bill review application and more diagnostic imaging vendors. Dozens of case management companies. Scores of IME firms. … Continue reading After the Coventry deal
Read More...After weeks of speculation – most of it pretty accurate – it’s official. In one of the more impactful transactions we’re likely to see this year, CVS/Aetna has agreed to sell Coventry Workers’ Comp Services to Mitchell/Genex. Terms haven’t been … Continue reading The Coventry deal is done.
Read More...A few weeks ago I had the opportunity to virtually sit down with Coventry’s product development folks to hear what they’ve been doing with tele-. I checked in again this week, and here’s what they’ve been up to. Quick take … Continue reading Telemedicine – Coventry’s approach
Read More...It’s been apparent for some time that the senior suite at parent Aetna has way too much on it’s plate to even begin to think about selling off Coventry’s work comp unit. That plate just got heaped with a whole … Continue reading Coventry work comp services will NOT be sold anytime soon
Read More...That’s a question that’s been around for years, but one that’s being asked more and more these days. One clue could be – but probably isn’t – Aetna CEO Mark Bertolini’s evolving view of the purpose of health insurance and … Continue reading What will Aetna do with Coventry Workers’ Comp?
Read More...Coventry’s work comp PBM – First Script – released their drug trend review last week; they’ve taken a bit of a different tack than other PBMs, choosing to report broadly across all scripts while differentiating between “managed” (in-network retail/mail and … Continue reading Work comp drug trends; Coventry’s report
Read More...Is off. The latest intel from several folks in the know is consistent; APAX will not be buying Aetna’s Coventry Workers’ Comp business. While its possible Aetna will look for another buyer, that is doubtful; the issues that reportedly led … Continue reading Aetna’s sale of Coventry Work Comp Services…
Read More...While it may be a bit premature, I’d suggest it is never too soon to being thinking thru the potential implications of a deal of this magnitude. Let’s do a very quick review of market changes, then jump into … Continue reading The Apax-Coventry deal – implications aplenty
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